What Parents Need to Know About Estate Planning with Heather Satin

#022: Thinking about death and estate planning is probably the absolute last thing you feel like doing, right? But here’s the thing—if you want to be sure your wishes are honored after you're gone, you need a plan.In this episode, Heather Satin of Satin Legal shares her extensive knowledge of estate planning and makes a particularly scary topic seem a little easier to understand. Heather gives us so much valuable information—from the importance of having an estate plan and HIPAA forms in place to choosing guardians for our children and beneficiary designations. (02:35) Heather explains why it’s so important to have an estate plan and what happens to your estate if you don’t have a plan in place if something happens to you (09:17) Why parents of minor children need to have a plan in place rather than relying on the state to handle their estate (14:31) What we, as parents, should consider when choosing a guardian for our children (34:23) When it’s worth considering a trust and what could go wrong with beneficiary designations and life insurance if you don’t have a trust in place (40:24) How we can make sure our estate plan doesn’t just plan for our death but also plans for end of life care and medical issues (51:46) At what point kids entering adulthood should have their own forms of power of attorneys in place (1:04:28) Chelsea’s Top Takeaways Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/heather Free Financial Emergency Preparedness Checklist: https://smartmoneymamas.com/financial-emergency-preparedness-checklist/